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The $1.24bn project will refurbish six schools in Prince George’s County, paving the way for similar bundled projects across the US.
University of Wollongong exercises right to buy back accommodation units early, resulting in its withdrawal from the process and prompting asset manager to reconsider the portfolio sale.
The Bank’s campaign to rally private money for infra and lopsided risk allocation has failed to mobilise funds for developing countries, and offers little help for building back better, Motoko Aizawa and Howard Mann argue.
After years of delays and recent months of legal wrangling, the private consortium selected to develop the $5.6bn light-rail project is walking away.
Busan toll
The acquisition of the 15.3km toll road includes a minimum guarantee cash yield for MIRA’s listed fund for the remaining 27-year concession term.
As the US enters recession, Amber Infrastructure Group’s Tom O’Shaughnessy believes pre-development agreements are part of the answer to realising the country’s $1trn infra promise.
US highway, Austin, Texas
I Squared Capital’s Sadek Wahba proposes the creation of a national infra bank, a PPP advisory trust and tax reforms to further unlock foreign institutional investment.
Maryland’s Purple Line light-rail disaster offers a chilling reminder of the risks public stakeholders can pose to procurement.
Brazil investment family offices private equity
As the South American country battles covid-19, investment officials make the case that long-term infrastructure investments will outlast the short-term impact of the pandemic.
Post-covid, risk-averse investors will have to deal with more government intervention as well as the agendas of ESG and climate change, say Martin Nelson-Jones, Colin Wilson and Howard Bassford of DLA Piper.
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